Kuala Lumpur, 16 June 2026 – Elsa Bhd made a positive debut on Bursa Malaysia’s ACE Market, opening at 25 sen, or 8.7% above its initial public offering price of 23 sen, as investors showed early interest in the oilfield services provider’s asset-light growth model.
The stock climbed as high as 27.5 sen in early trade before easing to 26 sen at 9.30am, with more than 35 million shares changing hands. The active opening reflected strong retail and institutional attention following the company’s heavily oversubscribed IPO.
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